Trump's healthcare debacle

Source: The American Conservative
by Robert W Merry

"Political capital is like financial capital. A politician invests it in ventures that may or may not pay off. The more bold the venture, the greater the risk — but also the greater the potential return if things go well. But the politician, like the financial investor, has to understand the market. If either makes an investment based on a faulty perception of the market, the investment almost surely will go south. Then the financial investor ends up with less financial capital to play with, just as the political investor ends up with less political capital. President Trump and House Speaker Paul Ryan invested a large chunk of political capital in health care. They didn't know the market. The investment went south, taking with it a large store of political capital. Now they have less to play with." (03/24/17)

http://www.theamericanconservative.com/articles/trumps-health-care-debacle/